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joksa44
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Postby joksa44 » Mon Jun 16, 2014 9:31 am

Can I receive a cop?

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Postby joksa44 » Mon Jun 16, 2014 9:56 am

sorry, i mean : copy :)

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Postby Jalarupa » Mon Jun 16, 2014 2:56 pm

Good Day for Slaying Dragons...

(sorry just finished watching GoT)

Image

Image

Image

Blue lines are H1 and Black are H4... I'm sure you can see the opportunity...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby judokamak » Mon Jun 16, 2014 3:45 pm

My entry:
Another posibility was 3h before this one on that wicked 15m z line



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Postby xXx » Mon Jun 16, 2014 4:11 pm

What is a Zero Line?

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Captain Pugwash
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Postby Captain Pugwash » Mon Jun 16, 2014 6:41 pm

xXx wrote:What is a Zero Line?


I just googled "zero line kreslik" and got this as the first resultpage

I'm sure you will find others - there is some good advice on that page, as well as the chart from Mo helps

Good luck

Edit - added a comma!
Last edited by Captain Pugwash on Mon Jun 16, 2014 8:18 pm, edited 1 time in total.
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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xXx
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Postby xXx » Mon Jun 16, 2014 6:51 pm

Thanks CP
If possible could we make this thread a beginners bay? 8)
Where all the best concepts are explained at the very beginning?

The Zero Line is a



MightyOne wrote:I have millions of pictures on my computer from all the e-mails I respond to.

Here is one of them:

Image

aliassmith
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Postby aliassmith » Mon Jun 16, 2014 8:47 pm

xXx wrote:Thanks CP
If possible could we make this thread a beginners bay? 8)
Where all the best concepts are explained at the very beginning?

The Zero Line is a



MightyOne wrote:I have millions of pictures on my computer from all the e-mails I respond to.

Here is one of them:

Image


A zero line is a line or area where traders give back their profits
From their current trade.
Trade Your Way as Long as It Makes Money!

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Postby Captain Pugwash » Tue Jun 17, 2014 8:29 am

OK - a better answer than my earlier lazy cut and pasting would be :D

ONE Example of a Zline would be (but please note, it is any pa that would encourage a zline to be formed)



Imagine price is basing (just moving in a little a tennis court between a and b {up a bit - down a bit})

This PA would draw certain traders eye to the possibility of price breaking out north or south.

Lets say price breaks out south - these guys SELL
If they are sellers on the breakout, they have their BUY stops all over the place. (to close a sell you buy, whether for a profit or a loss - you buy)

Price moves down over the next few hours (or mins)

Some of these traders do not take profit where they should*


Price inevitably turns north - the further north price travels the more panicky the short breakout traders get. ( they think " I should have got out" maybe it will turn south again - here - here or here"

The closer price gets to their entry - Their trading psychology is such that they all move their BUY stops into the same place - the original breakout, or a handy pointy place near enough to draw their eye to put their BUY stop.

Now the market has engineered a scenario where thousands of traders are willing to BUY IN THE EXACT SAME PLACE where they should be selling - so the pro's SELL into those BUYS (importantly, the market don't move much as there may be enough buyers to fulfil the sellers needs - so the seller get the best price, rather than each order pushing the market lower to find willing buyers)

Price returns to the breakout - at the original breakout, traders bail out with their BUY stops (or is that bye ;-) ) to the pros who want to sell



* So where should they have taken their profit - from the guys who made there own Zline to trade north - try to get into their skins to feel their anxiety




Or, to put it simply

As Aliassmith posted so eloquently

"A zero line is a line or area where traders give back their profits
From their current trade."
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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withnail
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Postby withnail » Tue Jun 17, 2014 6:11 pm

Z-line and held profit example:-
Attachments
zline-ag.gif
zline-ag.gif (215.29 KiB) Viewed 605 times
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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